Want to buy my webvan stock? They're disrupting safeway!
Exactly what is bitcoin disrupting? Those who want to take 10 minutes to buy a cup of coffee? Africa's stranglehold on unstable currencies? Thieves being able to steal your electronics and money all at once?
Regarding the 10 minute coffee... You can leave as soon as you pay, at some small risk (which could easily be absorbed by the payment provider), you don't necessarily have to wait for the 10 minute confirmation.
Africa's stranglehold on unstable currencies?
You misspelled "insanely inflating". At least BTC is deflationary, albeit unstably.
Thieves being able to steal your electronics and your money all at once?
If you're irresponsible (weak passwords, no backups, leaving things decrypted, using Windows... hehe), sure. If you keep your money at somewhere like Coinbase (where they keep 90% of their funds offline in cold storage) and use 2 factor authentication, very unlikely.
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Want to buy my webvan stock? They're disrupting safeway!
Exactly what is bitcoin disrupting? Those who want to take 10 minutes to buy a cup of coffee? Africa's stranglehold on unstable currencies? Thieves being able to steal your electronics and money all at once?
https://news.ycombinator.com/item?id=6728463
Regarding the 10 minute coffee... You can leave as soon as you pay, at some small risk (which could easily be absorbed by the payment provider), you don't necessarily have to wait for the 10 minute confirmation.
You misspelled "insanely inflating". At least BTC is deflationary, albeit unstably.
If you're irresponsible (weak passwords, no backups, leaving things decrypted, using Windows... hehe), sure. If you keep your money at somewhere like Coinbase (where they keep 90% of their funds offline in cold storage) and use 2 factor authentication, very unlikely.
Funds in BTC can't be kept 'offline', if you know the private key you can spend the coins.
So the key is never to keep the private key decrypted, anywhere. And to make it extremely hard to brute-force.
https://en.bitcoin.it/wiki/BIP_0038
You could also split/shard it into pieces where M of N pieces are required to reconstitute the original key.
http://point-at-infinity.org/ssss/
It's disrupting gold, money transfers, credit card fees, foreign exchange, and online gambling at the same time.
LOL. That's about all there is to say to that.
It's a hoarding scheme for libertarians. Good luck with that.
I think you forgot pump and dump OTCBB stocks, pink sheets, and pyramid schemes.